Macrotech Developers inches up on enabling homes at interest rate of 6.99% till 2024
Follow us Now on Telegram ! Get daily 10 - 12 important updates on Business, Finance and Investment. Join our Telegram Channel
https://t.me/InvestmentGuruIndiacom
Download Telegram App before Joining the Channel
Macrotech Developers is currently trading at Rs. 1099.60, up by 0.45 points or 0.04% from its previous closing of Rs. 1099.15 on the BSE.
The scrip opened at Rs. 1063.90 and has touched a high and low of Rs. 1106.20 and Rs. 1063.90 respectively. So far 15065 shares were traded on the counter.
The BSE group 'B' stock of face value Rs. 10 has touched a 52 week high of Rs. 1538.65 on 01-Dec-2021 and a 52 week low of Rs. 632.65 on 18-Jun-2021.
Last one week high and low of the scrip stood at Rs. 1119.00 and Rs. 1035.35 respectively. The current market cap of the company is Rs. 52675.16 crore.
The promoters holding in the company stood at 82.22%, while Institutions and Non-Institutions held 16.36% and 1.43% respectively.
Macrotech Developers (Lodha) is enabling homes at a great interest rate of 6.99% till 2024, providing a benefit of around 1.5% on the existing home loan rates. Through this initiative, Lodha aims at insulating homebuyers, from the subsequent increase in repo rates, and the anticipated increase in home loan interest rates. The financial support provided by this initiative will enable aspiring homebuyers to own their dream abodes and have a better life.
Emphasizing the proposition of buying a home at the lowest interest rate, Lodha’s new initiative provides an opportunity to not only maximize gains amidst the increasing home prices but also double up the savings for end-users with the ongoing additional 1% off on stamp duty for women homebuyers.
The company is primarily engaged in affordable residential real estate developments and in 2019, it entered into the development of logistics and industrial parks and also develop commercial real estate.
